AFR Suggests Very Weak Class Action Support, page-7

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Teddo123

85 Posts.

106

09/08/18

14:18

Post #: 34833669
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Originally posted by Teddo123 ↑

Could the AFR be right this time and the dreaded Class Actions (2?) are looking decidedly less threatening with only 2% of shareholders signing up for Squire Patton Boggs for a $2 million claim against GSW!? And the other guys with one shareholder.

Did you note that GSW is being defended by Justin Gleeson ex-Solicitor-General of the Commonwealth of Australia (resigned 2016) it seems against his old work mate, on the other side of this case. Money may flow to GSW when all the dust settles on this initially reported $300+ claim and AFR might have to pony up free subscription for eternity or cash.

Cash and Term Deposits at 30 June 18 were reported as $96.7 million. HC is showing GSW with $63.15 million market cap at 38 cents per share implying (fully diluted?) issued shares of 166.2 Million - and therefore cash per share based on 166.2 million is $0.58. However, I can only see 100,588,056 shares issued per filing after $75 million capital raise in Dec-17. At 110.66 million shares on issue the cash per share is $0.87 per share. Can someone please shed light on the extra 65.6 million shares, that Hot Copper is showing?

Whether it is 58 cents per share or 87 cents per share, one would think, if the Class Action is on as shaky ground as it would seem, that this stock, at 38 cents, is a screaming buy.

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Sorry my maths was a bitt cocked eyed. 96.7 mm shares/100.6 issued is actually 96 cents a share!!

GSW Price at posting: 39.5¢ Sentiment: Buy Disclosure: Held
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AFR Suggests Very Weak Class Action Support, page-7

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